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84 days ago~“along with confirmation that the $500K balance payment is in process”
20 days for “this situation will be brought to a positive conclusion”
The line of credit discussed in the 10-Q should correct the slow pay otherwise I expect the CEO will adjust his revenue guidance as soon as he knows the previous $7-$10 million revenue forecast is unrealistic.
On the bright side there’s $6.5-$9.5 million in revenue coming in the next seven months. They’ll need to put out a lot of press releases as that happens.
Okay thanks. Good to know it’s a regular source for the hundreds of millions of dilution shares.
Is GTSM a new arrival today? Hopefully there’s a pump coming to offset their dumping.
Going back how many years?
You’re right and yet wrong. That little reactor has been generating income for the ceo,his wife,art,david,lawyers,accountants,pr firms,cannacord genuity,lenders,convertible debenture holders, have I left anyone out? Oh yes public buy and hold investors, they’ve seen no income yet.
There was a picture of something involving the 55” display “product” does that count? If you mean solar product that may very well still be conceptual or in two centimeter square r/d samples, not much to see there. When it comes to the India site eventually there should be some site pictures. My guess is there’s not much too see yet. If you’re implying the India deal is a hoax it’s a pretty elaborate hoax as they included an explanation of the delay in license fee and reactor deposit payments in the Q and claimed a line of credit was being established to eliminate delays of the money flow in the future.
I’m all for the company dumping another 1 million shares at two cents to fly the ceo and his wife over to get some pictures standing next to some concrete pilings if their even that far along. What’s another million when they’ve blown the 750 authorized fully diluted at this point?
Maybe he’s right and access2flow and microfluidics have been cut out of the loop and the reactors are being built in the ceo’s garage.
QMC has missed grace periods before and may again. Financials can only be released before or after market hours and I doubt any expected monies will be included as they would be better announced in a press release than buried in a Q.
From what’s been said in pr’s about the India licensing deal I’d expect to hear or see in the filings receipt of the $500k, income for training staff and the deposit and ordering of two reactors. Next would be a partnership for their proprietary QDX film being shown in a 55” display along with the announcement of a working 65” using their on chip solution which was referenced as almost ready for CES. Anytime along the way there could be additional markets showing promise like biomedical, counterfeiting, sensors and drilling fluids which they provided once.
They could be setting up for a nice run of announcements if they could show revenue associated with the developments. The markets could use a new sector to invest in. Nano-materials have gotten a lot of print space over the last few years and QTMM is the only publicly traded United States markets pure play producer that I know of. It’s hard to get on board the possibilities train when they refuse to even file a Q on time especially with their not so distant history of non-compliance. Totally arrogant comes to mind.
Except we have the well paid in house CFO who was hired to do the filings.
Late filing = another “last chance for cheap shares”. This may actually be true soon if they follow through with the India revenue forecast and close some kind of deal with the QD film in the 55” display, something involving the 65” QD on chip technology or any of the other applications like biomedical and counterfeiting they’ve experimented in.
Cleanup on aisle two. You have to pump about something to dump the massive dilution that has been transpiring for the last six months.
So you want to wait another 10 years, why not.
I guess this film isn’t high tech enough
https://www.nitto.com/us/en/products/group/optical/structure/007/
You clearly stated the obvious from the pr so we’ll stick to the analogy and say qmc along with film makers and chemical companies went to Walmart (code for display manufacturers) and got advice on planting their vegetables and now qmc is looking for other Walmart like businesses (remembering that’s code for display manufacturers) to sell their produce to. Qmc May or May not have an agreement to sell their produce to Walmart but if they do it’s obviously not exclusive because they state they are shopping their produce to other interested Walmart like businesses.
It reads pretty clear they’ve worked with display and film manufacturers along with chemical companies to develop the qdef product they are now demonstrating.
Possibly under subsequent events although I would expect they put out a press release upon 2nd installment being received.
Kind of like $5++
So they’re paying Canaccord Genuity a fortune for what?
It should be sitting at a market cap of $105 million or $0.14 fully diluted, 750 million shares I would think is a fair valuation.
Looking for res. at 8,10,14,20,25,30,45 all depends what the news looks like.
Get past 55 will be a start.
A 1250 liter batch could be so inefficient that it produces quantum dots that range from 3nm to 10nm and then are simply filtered out by size which equates to color. Or in other words the same way QMC does it.
“The light-emission capabilities of the QD depends on its geometry and chemical composition. A 4-nm spherical QD would produce different emissions than one with a 3-nm diameter,” he adds. Due to the fluidized flow chemistry of QMC’s process, QDs are produced in solution, so they are either filtered or undergo some other type of post-processing separation step.
If a 1250 liter batch yields 1000 liters of finished goods is 1 million grams that’s $12,150,000 of revenue per reactor per batch, not an insignificant gross revenue number. He stated currently they have multiple 1250 liter reactors. Each one producing more material in one batch than they did all of 2013 with 5 liter reactors and 60 people. They’ve scaled to where their quantum dots have reach a price point for commercial acceptance.
Yes it seems the inefficient batch process has managed to drive the price of a particular formula of quantum dots to a commercially acceptable price point as they claim to have shipped 15 metric tons since inception.
Having disclosed they’ve scaled up to 1250 liter reactors one could do a little hypothetical exercise in production. For easy math say they have an 80% yield or 1000 liters of finished goods and 1 liter of dots weighs the same as water which is 1 kilogram (although I bet dots are heavier than water) they would be producing 1,000 kilograms or 1 metric ton per batch, per reactor.
Assuming QMC current stated 3 k/h production is 100% finished goods for easy comparison it would take 333 hours to equal the production or approximately 14 days running 24 hrs a day to equal one 1250 liter, less efficient batch process reactors production.
Wondering how long it takes to process one of those in efficient batches?
Anyone, anyone?
Thanks for posting. Quite a reality check on multiple 1250 liter reactors producing $12.15 a gram quantum dots.
I think the “smart money” Chinese that were buying 30 million shares at $0.20 two years ago are back in play here. What do you think Art??
Direct correlation to the 6 months of 100 million shares of dilution and lowest prices per share in 5 years. Raise a million dollars at ten cents dilute 10 million shares, raise a million at two cents and dilute 50 million shares.
Maybe wait until it’s on the “SP 500” and everyone can get a sailboat to meet in Hawaii. Well everyone but Danny.
I don’t know therefore the question what does 3 kg/h represent?
“The light-emission capabilities of the QD depends on its geometry and chemical composition. A 4-nm spherical QD would produce different emissions than one with a 3-nm diameter,” he adds. Due to the fluidized flow chemistry of QMC’s process, QDs are produced in solution, so they are either filtered or undergo some other type of post-processing separation step.
Due to the fluidized flow chemistry of QMC’s process, QDs are produced in solution, so they are either filtered or undergo some other type of post-processing separation step.
First you might try understanding what 3 kg/h means.
Check the 3rd paragraph of the 3/19 press release.
And nowhere in their history does it state ownership rights changed from Solterra.
This was also from the latest 10K
“In 2010, Solterra entered into an agreement with a third-party provider of industrial process equipment to develop a proprietary process for continuous flow production of QDs and TQDs under which Solterra retained all ownership and rights to the design and any related intellectual property. The development work has since been completed and the first two units have been delivered and placed into operation.”
“Quantum Materials Corp., a Nevada corporation, and its wholly owned subsidiary, Solterra Renewable Technologies, Inc. (collectively referred to as the “Company”) are headquartered in San Marcos, Texas.”
Where can the financials for Solterra be found?
“A parent company and its subsidiaries maintain their own accounting records and prepare their own financial statements. However, since a central management controls the parent and its subsidiaries and they are related to each other, the parent company usually must prepare one set of financial statements.”
“In 2010, Solterra entered into an agreement with a third-party provider of industrial process equipment to develop a proprietary process for continuous flow production of QDs and TQDs under which Solterra retained all ownership and rights to the design and any related intellectual property. The development work has since been completed and the first two units have been delivered and placed into operation.”
Technically Solterra owns the flow design and process IP.
“On June 13, 2016, Mr. Squires, then our Chief Executive Officer and a member of our Board of Directors, agreed to step down from these positions effective June 30, 2016 and to become Managing Director of our wholly-owned subsidiary, Solterra. Mr. Squires would again become the Company’s Chief Executive Officer and President on December 22, 2016.”
Did Mrs. Squires replace Mr. Squires as the paid Managing Director of Solterra?
I didn’t hear honorary.
Then why was Mrs Squires introduced as the managing director for Solterra at the India groundbreaking?